The Fifth Augusta Syndicate - Investment in Germany

Company information:

Company incorporation date: February 2007
Investment term: Medium term
Minimum investment: €50,000 (Closed for Investment)
Investment rationale: Capital growth

The assets of this fund are sold and it is currently exiting.

FahrlachCenter, Gottlieb Daimler Straße 25, 68239 Mannheim, Germany

The FahrlachCenter is a mixed-use building of 5,273M2 situated on a 3,895M2 plot. It is located in Mannheim, the second largest city in the German Federal State of Baden-Württemberg, behind capital Stuttgart.

Mannheim

FahrlachCenter, Gottlieb Daimler Straße 25, 68239 Mannheim, Germany

Mannheim is the largest city in the Rhine Neckar Triangle – a dense business region for engineering, electronics, biotechnology, pharmaceuticals and financial services. Mannheim has a population of over 307,000. Major employers in the city include DaimlerChrysler, ABB and Siemens. The city of Mannheim also hosts 15,000 US military personnel and their families stationed around the city.

The FarlachCenter

The Farlach retail centre is ideally positioned at the entrance to the city and at the gates to the Farlach Industrial Estate.

The FarlachCenter has 81 parking spaces, divided between overground and underground.

Tenancy

The FahrlachCenter is 100% occupied.

Fitness Park Pfitzenmeier is a top 5 operator in the German gym and fitness centre market, with a chain of 14 centres across Germany (Deloitte, 2006). Fitness Park Pfitzenmeier has an annual turnover of approximately €28m on membership subscriptions alone.

Fitness Park has been a tenant since 2001 and the lease extends to 2031.

Other tenants include Klafs, Europe's leading manufacturer of sauna, spa and wellness installations and McDonalds, who have a 517m² restaurant with a drive-thru facility.

FarlachCenter is a modern, mixed-use development in the heart of Mannheim’s commercial district. It houses a solid portfolio of tenants, including blue-chip retail brands. Mannheim is the second largest city in the German Federal state of Baden-Württemberg, behind capital Stuttgart. The Farlach retail centre is ideally positioned at the entrance to the city and serves a key Mannheim business and social community.

Property Location

Situated at the entrance to the Farlach Industrial Estate, a business park housing employers such as Mercedes Benz, BASF, Agip and Siemens. The estate is also home to the Mannheim Grossmarkt – a 150,000m² wholesale centre with 130 businesses and an annual turnover of €310m.

  • Passing traffic of 60,000 cars per day

Mannheim

  • 327,000 Population
  • Largest city in the Rhine-Neckar commercial region of 2.4 million people
  • One of Germany’s top 10 cities for business
  • 6th best employment climate in Germany

Lettable area: 5,273 m² situated on a 3,895 m² plot.

FahrlachCenter, Gottlieb Daimler Straße 25, 68239 Mannheim, Germany

Myliusstraße 16, 71638 Ludwigsburg, Stuttgart, Germany

Myliusstraße 16 is a period building dating from 1886. It was completely refurbished in 1998 to
the exacting standards of anchor tenant Deutsche Bank. The property is home to a number of retail tenants on the ground and basement floors, with office space on the upper three floors.

Micro Location

  • It enjoys arguably the highest footfall position in this large and affluent Stuttgart suburban town, directly facing the main train station that connects the town to Stuttgart centre and beyond.
  • Located 15 mins North of Stuttgart
  • Surrounding tenants: Saturn Electronics, Plus, DM, McPaper, BHW bank, Tchibo
  • Footfall of 50,000 per day

Stuttgart

  • Capital city of Baden-Württemberg,with a catchment population of 3.5 million
  • Population: Stuttgart City Centre 591,000, Ludwigsburg District 514,000
  • One of Germany’s top 3 cities for business
  • Europe’s top location for high-tech manufacturing jobs
  • Income per Employee: €38,361—3rd highest in Germany
  • GNP contribution per Capita: €55,147—4th highest in the country

Tenancy

The anchor tenant is Deutsche Bank, with a retail bank branch on the ground floor and offices above. Other tenants include Xchanging Transaction Bank, café chain Segafredo and Back-Factory , a bakery chain.
Lettable area: 2,662 m²

Myliusstraße 16, 71638 Ludwigsburg, Stuttgart, Germany